Report claims Samsung pays $1bn to Apple in five-cent coins, delivering payment via 30-truck fleet

Macworld Australia Staff
30 August, 2012
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An online website is claiming Samsung has paid Apple the US$1 billion settlement fee from its recent patent trial ruling in five-cent pieces, sending a lorry of 30 trucks to deliver the coins, in a somewhat dubious report.

PaperBlog alleges that Samsung’s fleet of trucks carrying 20 billion five-cent coins  turned up outside Apple HQ, calling CEO Tim Cook to inform him that payment had arrived.

The site even quoted Chairman of Samsung Electronics Lee Kun-hee as saying his company would not back down to a group of “geeks with style” and that he would retaliate in the same ‘dirty’ manner in which Apple has dealt with the dispute:

“You can use your coins to buy refreshments at the little machine for life or melt the coins to make computers, that’s not my problem, I already paid them and fulfilled the law.”

On further inspection, the report was found to have been sourced from a meme posted on, rendering the news a hoax.

Given that Samsung’s settlement fee has not been made officially payable to date, the PaperBlog post held little credibility in the industry following its publication.

Websites, such as The Guardian labelled the story “proof that some people will believe anything“.

PaperBlog has since responded to the backlash, commenting on its story, “You didn’t think this could be real right? but hey! you loved it :D“.



4 people were compelled to have their say. We encourage you to do the same..

  1. Sarah Jackson says:

    ya this is True :D

  2. Ronel says:

    Well In Australia that certainly wouldn’t be legal. It’s not legal tender as there is a limit to the number of coins of each denomination you can pay.

  3. Paul says:

    Gotta be a hoax. 1. No bank would have 1 billion dollars worth of five cent pieces. 2. How much do you reckon that would weigh? The Guardian is right. Some people will believe anything.

  4. Jeremy says:

    Why do you even bother publishing such drivel? Anyone with half a brain would know it’s impossible; I very much doubt there are that many 5c coins in circulation, let alone in one spot.

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